2 models fit Vox Royalty Corp. Common Stock and they agree: 2 of 2 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Bronze45
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionVox Royalty Corp. Common Stock (VOXR)
Fair value (2 models)
$2.16
ACCE price target
$4.83
Rating
Overvalued
Horizon
12 months
Fair value published on 16 Oct 2026, 00:00 CEST; previously $2.19 since 12 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 12:04 CEST.
Price used: $4.80 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
122.7% above
-55.1% to fair value
ACCE score
77
out of 100
Analysts
100% buy
7 covering
P/E
7.0x
forward 18.0x
1-year return
+16.5%
Dividend yield
1.24%
Vox Royalty Corp. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Vox Royalty holds royalty and streaming interests on gold and other precious metals projects, meaning it collects a share of production or revenue from mines it does not operate, which is why its gross margin sits at 94.3%. Revenue grew 122.6% over the period, and the operating margin of 182.3% reflects royalty income running well ahead of the cost base, with a 49.4% return on equity to match. The trailing P/E of 7.4 looks cheap against a forward P/E of 33.2, a gap that suggests earnings in the trailing figure were lumpy or boosted by one-off items, so the forward multiple is the number to test before anything else. At a market cap of about $353M, the stock is a small, unindexed name, which means liquidity and coverage are thin and the position sizing and entry discipline matter more than usual. The 73/100 score reflects strong growth and profitability, but the valuation tension between trailing and forward earnings is the first thing to resolve in a deeper look.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Heavy valuation premium to models
Earnings look flattered by non-cash items.
moderate
Negative free cash flow
Free cash flow of $-7,005,000 sits awkwardly against +144.3% net margin, so reported profits are not converting to cash. Worth checking before sizing a position.
moderate
Forward P/E far above trailing
Forward P/E of 33.2 versus trailing 7.0 implies earnings are expected to fall sharply, or the trailing figure reflects a one-off gain. Growth figures may not persist.
AI research notes
AI-assisted·How I use AIWritten Oct 23, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 122.6% year over year in the June 2026 10-Q, and the five-year average has been 165.4% a year.
All 7 analysts covering the stock rate it Buy or Strong Buy, and their mean price target sits 63.8% above the current share price.
Latest quarterly earnings per share beat expectations by 200.0%, coming in at 0.12 against 0.04 expected.
Why it could disappoint
Free cash flow over the last twelve months was negative at -$7M, despite a 144.3% net margin.
The diluted share count rose 13.9% last fiscal year, so each shareholder's slice of future earnings is shrinking.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 11, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where VOXR's valuation models land
Price
$4.80
Model fair value
$2.16
Model range
$1.90 to $2.42
Fair value $2.16
Price $4.80
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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+Conviction breakdown and growth / value / quality / momentum scores